All destinationsRead the full Panama visa guide →View all 7 Panama guides →
✈️Visa & Residency
Friendly Nations Visa — available to US citizens with professional/economic ties to Panama. Requires employment, $200,000 real estate investment, or $200,000 bank deposit. Grants 2-year provisional residency, then permanent.
Pensionado Visa — for retirees with $1,000+/mo pension, extensive senior discounts on flights, restaurants, and utilities.
Pensionado Visa — for retirees with $1,000+/mo pension, extensive senior discounts on flights, restaurants, and utilities.
💰Cost of Living
Excluding rent, a single person needs ~$750 USD/mo
a family of four ~$2,650 USD/mo.
Rent (1-bed, city center): Panama City ~$1,200, Coronado ~$850, Boquete ~$700, David ~$500.
Groceries run $6-10/day per person.
Overall 40-55% below US major cities
uses USD so zero FX risk.
a family of four ~$2,650 USD/mo.
Rent (1-bed, city center): Panama City ~$1,200, Coronado ~$850, Boquete ~$700, David ~$500.
Groceries run $6-10/day per person.
Overall 40-55% below US major cities
uses USD so zero FX risk.
💡Key Fact
Panama uses the US dollar, has no income tax on foreign-earned income, and offers a Pensionado program with extensive senior discounts (flights, restaurants, utilities).
It is the most tax-friendly destination on this list for US expats.
It is the most tax-friendly destination on this list for US expats.
Panama homes across every budget
8,927 Listings in Panama
Loading more…
Explore
Top Attractions in Panama
Must-see destinations that make Panama unforgettable
Cities
Most Popular Cities in Panama
Where Americans are choosing to live
Read more
